Math, asked by vershabishnoi0029, 1 year ago

What sum of money will amount to
* 6,655 at the rate of 10% per annum,
compounded annually in 3 years?

Answers

Answered by swastik2730
3

Answer:

5000

Step-by-step explanation:

let the sum of money be x

a=p(1+r/100)

6655=x(1+0.1)(1+0.1)(1+0.1)

6655=x(1.1)(1.1)(1.1)

6655=x(1.331)

6655/1.331=x

5000 =x

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